$BB BounceBit - What is the Next Target?

12 Haz

Current Level: $0.50 is the recent low and acts as strong support. $0.588 is the first minor resistance. A break above this level could signal potential further upward movement.

Watch for a Break Above $0.588. If the price breaks above $0.588 with good volume, it may indicate the beginning of an upward trend. You could consider entering a long position with targets at:

• First Target: $0.641
  
• Second Target: $0.685
  
• Third Target: $0.729
  
• Final Target: $0.792
  

Ensure $0.50 holds as support. If the price consistently stays above this level, it confirms strong support. If it breaks below, it could indicate further downside.

Place a stop-loss below $0.50 to manage risk in case the price drops further.

• Break Above $0.588: Indicates bullish sentiment, consider long positions.
  
• Holding $0.50 as Support: Reassures strength, reinforcing a potential upward trend.
  

** Monitor price action closely around these levels to make informed trading decisions.

27 Haz

Not

BounceBit has now stabilized at $0.34, a key support level previously before its rise to $0.87. Users are interested in the rising circulating supply, driven by staking rewards and monthly increments in the delegation program.